Apparently that is a thing:
NEW YORK and COLORADO SPRINGS, May 16, 2013 /PRNewswire/ — Over half of sustainable, responsible, impact (SRI) investment industry professionals say that retail investors (65 percent) and institutional investors (53 percent) are currently expressing interest in fossil fuel-free portfolios in the face of growing signs of climate change, according to First Affirmative Financial Network’s Fossil Fuels Divestment Survey.
See also this:
Securities of fossil fuels firms, as an economic sector, may soon be on the decline.
Predictions as to when oil and gas will become a smaller part of the investment society makes into its total energy mix, in favor of renewables such as solar, wind and ocean energies, vary, ranging from 2060 on the long side (this prediction from oil industry powerhouse Shell) to 2030 or even sooner on the shorter side (as reported by Bloomberg). But so far, markets appear to be mispricing the risk this presents to fossil fuels companies, and their share prices for now remain high. In our opinion, it’s not too soon to consider divesting from fossil fuels while one might still recover significant value.
The rest of that story is here.
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